Which one would you choose? More and more solicitors are trying to break into the debt collection business. Are they better or on a par?
As a collection agency, we are often instructed by solicitors to collect their own accounts, and in the past even initiated legal action. But, we are not saying that all solicitors are inefficient in collecting outstanding accounts. Indeed we have, in the past, used solicitors in certain claims but it should be observed that solicitors generally charge whether a debt is recovered or not.
Due care prior to any action
Always try to ensure that a debt is due and the debtor is in a position to make an arrangement to pay a debt. However, it should also be noted that, as the saying goes, to spend good money after bad is not only irresponsible but bad business. As much information that is available should be used to ensure a successful collection.